In a significant blow to South Korea’s cryptocurrency ecosystem, Somesing, a popular blockchain-based social karaoke platform, recently fell victim to a devastating security breach, resulting in a staggering loss of over $11.5 million.
Confirming the breach, Somesing revealed that professional hackers from outside the organization orchestrated the attack. The platform is now working closely with local authorities and Interpol to identify and apprehend the perpetrators responsible for the breach.
According to a recent blog post by Somesing, the hack occurred on January 27, posing a significant setback to the platform’s operations. Among the stolen SSX tokens, a substantial portion of 504 million remained unallocated tokens initially intended for circulation by the end of 2025, while 226 million SSX tokens were part of the platform’s fund.
The security breach has resulted in an over-circulation of 489 million SSX tokens compared to the original circulation supply plan as of the end of January 2024. Somesing promptly reported the hacking incident to the National Police Agency and plans to alert Interpol for a comprehensive investigation.
In collaboration with the local blockchain entity Klaytn Foundation and Interpol partner firm Uppsala Security, Somesing is actively tracing the attacker and intends to freeze the assets while pursuing legal action once the perpetrator is identified.
In response to the breach, Somesing has taken swift precautionary measures, urging major South Korean cryptocurrency exchanges such as Upbit, Bithumb, and Coinone to suspend deposits and withdrawals of SSX tokens. This proactive step aims to prevent further unauthorized movement of the stolen tokens and safeguard the interests of their users.
Operating on the Klaytn blockchain, Somesing incentivizes users to upload their karaoke recordings by rewarding them with tokens sourced from donations made by other users. The security breach underscores the pressing need for robust cybersecurity measures within the cryptocurrency space and serves as a stark reminder of the vulnerabilities inherent in digital asset platforms.
As Somesing navigates the aftermath of the hack, the incident highlights the importance of stringent security protocols to mitigate the risk of future breaches and ensure the safety of user funds.
